| ISMagazine.com | Tech Investing |
November, 1999 |
'Invisible Internet' Companies Like SCS Solars, Microforum, And Envoy To Experience Tremendous Growth, Lower Risk, Says Leading Canaccord Analyst
SARASOTA, Fla., July 6 -- "Invisible Internet" companies that have a strong revenue stream will experience tremendous growth, and are the safest investment play among Internet stocks, advised David Wong, research analyst with Canaccord Capital of Canada. In an NewsMaker interview with Stockhouse.com, Wong focused on "invisible Internet" companies poised for growth -- those providing the background technologies and services to support the exploding Internet market.
Wong shared his latest research on his most closely followed "invisible Internet" firms.
Microforum's (Toronto: MCF) new project e-FINCOM.com, says Wong, is a credit approval system for financial institutions which he speculates will facilitate a standardized platform for credit approvals amongst all financial institutions -- worldwide.
Wong states the company will be using its recent C$20 million financing for growth through acquisitions.
The past two months unannounced revenues from Wong's recent pick, SCS Solars (Vancouver: SCS), have surpassed expectations with triple-digit growth. "Last quarter they did about US$60,000. Now they are up to US$100,000 a month...netting about US$40,000," says Wong. "And the more they add to their existing systems...their costs don't go up."
Wong commented on Envoy's (Toronto: ECG) rumored Nasdaq listing. "As we speak they are working that," he said abruptly, and would not comment on timing. Envoy's revenues from Internet related advertising programs have grown to 50% of gross, repositioning Envoy as a new breed e-Marketing corporation. Wong reiterated his C$15.30/sh twelve-month price target stating Envoy is "still trading comparably cheap compared to the average US advertising companies."
REDMOND, WA - September 10, 1999 -- StockCharts.com, Inc. http://StockCharts.com/corp/ today announced the launch of their new, free financial website, http://StockCharts.com. The site includes a collection of Java(TM)-based analysis tools that allow online investors to view financial data in unique, non-traditional ways. The tools include:
- Prophet Finance's "ProphetCharts(SM)" charting applet, which allows users to create dynamic charts of any stock, index, or mutual fund.
- The "PerfCharts" applet, which allows users to instantly compare several related market indices across any period of time.
- The "Point and Figure" charting applet, which allows users to see interactive Point and Figure charts for most major US stocks and indices.
"We are providing tools that allow users to see financial information in new ways," said Chip Anderson, president of StockCharts.com, "Unlike most financial sites, StockCharts.com lets users actually manipulate and customize the charts as much as they want, and it is completely free."
John Murphy, President of MURPHYMORRIS.COM, and former CNBC(TM) technical analyst, had this to say about StockCharts.com: "The analysis tools I found on StockCharts.com are really exciting. They reinforce many of the concepts I have been advocating in my books and on television. For the first time, online investors can actually see the dynamic interplay between markets, sectors and stocks. And the interactive Point and Figure charting tool is revolutionary. Anyone who visits StockCharts.com regularly cannot help but become a better informed investor."